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The Euro has initially rally during the course of the trading week but pulled back rather significantly. At this point, the market looks vulnerable for a short-term pullback.
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).
* EUR/USD neutral, trading within familiar levels for a third consecutive week.The EUR/USD pair hit a daily high of 1.1302, but gave up and settled near daily lows, in the 1.1230 price zone ...
The euro (symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone .
The Euro has been all over the place early during the trading session on Friday to close out the week, as we continue to test the 1.18 level. EUR/USD Price Forecast – Euro Choppy to End the Week ...
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
The Euro continues to fall during the week but did get a little bit of a reprieve on Thursday as traders closed out positions ahead of the Easter weekend. EUR/USD Weekly Price Forecast – Euro ...
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related to: eur to inr prediction this week